ETA Q'S questions with answers graded A+

ETA Q'SA parts manufacturer with a tiered-pricing setup (two buckets) keys a Visa Business credit card transaction that qualifies for Visa's business-to-business interchange qualification. What rate will the merchant pay on this transaction? - correct answer NON-QUALIFIED What should a payments professional collect from a merchant to submit with the merchant application for a public corporation? - correct answer Financials During review of a potential e-commerce merchant's website, which of the following information MUST be present for approval of a merchant account? - correct answer Delivery policy, currency conversion, and export restrictions Which technique is MOST likely to increase a payments professional's success rates? - correct answer Disclose all the pricing and terms prior to contract execution In addition to interchange fees, what transaction-related costs can a merchant most likely expect to pay when accepting credit and debit cards? - correct answer Assessment Fees What is the MOST appropriate software application for a credit card terminal used by a retail merchant who wants an automatic batch at the end of a business day? - correct answer Host Capture During the initial sales process, a payments professional realizes that the merchant is paying itemized cost for terminals, gift cards, and a rewards program. The merchant would like to lower rates but enjoys all ancillary products offered. Which is the BEST action for the payments professional to take? - correct answer Discuss the advantages of bundled packages Which of the following techniques is BEST for managing customer expectations? - correct answer Set realistic expectations. A payments professional believes that a prospective client with a large customer base would benefit from the use of a PCI-compliant credit card storage module. However, prior to offering the solution, the